Team News Riveting
Hyderabad, January 1
NMDC, the country’s largest Iron Ore producer registered a growth of 23.3 per cent in the December output enabling the Navratna Company to end the year on a positive note.
Iron ore production for the month of December 2020 is 3.86 MT (Million Tonnes) against the output of 3.13 MT recorded during the corresponding period of last year (CPLY), registering a growth of 23.3 per cent, the company said in a statement.
NMDC continued the impressive performance run in the month of December 2020 also. This is the 5th month in 2020, when production and sales showed an uptick when compared to the CPLY.
Iron ore production in Q3 of FY20 is 9.61 MT against the production of 8.56 MT in Q3 of FY19, thereby registering a growth of 12.3 per cent (CPLY).
Iron ore sales for the month of December 2020 is 3.62 MT against the sales level of 3.04 MT in December 2019, thereby registering a growth of 19.1 per cent.
Iron ore sales in Q3 of FY20 is 9.44 MT against the sales in Q3 of FY19 is 8.44, thereby registering a growth of 11.8 per cent (CPLY).
“The steady growth in performance has helped us end the year on a good note. We are on our way to better the cumulative figures both physical and financial parameters of the previous year,” Sumit Deb, Chairman cum Managing Director of NMDC said.
Indian steel industry revival needs support to tide over the crisis and they are doing their best to cater to it, Deb said, adding that team NMDC has always kept the nation’s interest in mind, and they hope to continue this excellent performance in the new year.”
NMDC is steadily improving its performance every month and continues to enhance the production level month on month. The performance of the last few months and December showcases production and sales will exceed last year’s performance, despite the adverse circumstances of 2020. The performance proves NMDC’s ability to battle any challenge and maintain its leadership position in the industry.
